Business
NGEx Minerals Reports 2025 Results; Solidifies Lunahuasi as a Globally-significant High-grade System; Announces New Board Appointment
VANCOUVER, BC, March 19, 2026 /CNW/ - NGEx Minerals Ltd. ("NGEx Minerals" "NGEx" or the "Company") (TSX: NGEX) (OTCQX: NGXXF) is pleased to report its results f
About this update from Ngex Minerals Ltd.
[{"type":"text","content":" VANCOUVER, BC, March 19, 2026 /CNW/ - NGEx Minerals Ltd. (\"NGEx Minerals\" \"NGEx\" or the \"Company\") (TSX: NGEX) (OTCQX: NGXXF) is pleased to report its results for the three months and year ended December 31, 2025. Summary of Highlights Highlights for the three months and year ended December 31, 2025, and subsequent period thereto, include the following, details of which are discussed later in the release: 8-rig drill program underway at Lunahuasi, following multiple new discoveries made during Phase 3 program completed earlier in the year. The Company's Phase 4 drill program at Lunahuasi commenced in October 2025 and reached steady-state drilling with eight rigs by mid-November. To date, the Phase 4 campaign has completed approximately 88% of its targeted 25,000 metres, with assay results received and released thus far confirming the system's high grades, size and continuity. The current campaign is planned to continue until May 2026, and builds on a highly successful Phase 3 program completed in 2025, which confirmed two new discoveries at Lunahuasi, a copper-gold porphyry system and a unique style of mineralization comprised of ultra high-grade gold in quartz veins, in addition to significantly extending and defining the high-grade copper, gold and silver vein mineralization that comprises the original discovery. Environmental approval received for a proposed Lunahuasi exploration adit. In March 2026, subsequent to the 2025 year-end, NGEx Minerals received approval from the Mining Authority of San Juan Province, Argentina, for a proposed exploration adit at the Lunahuasi project. Approval of the Environmental Impact Statement (\"DIA\", or Declaración de Impacto Ambiental) for the adit, is a crucial next step in the Lunahausi story, which will enable the Company to proceed with underground development once additional sectoral permits are received. When complete, the adit is expected to provide a platform to conduct exploration and definition drilling, metallurgical sampling, and geotechnical assessment, which are all key inputs for future technical studies and project evaluation. The approval significantly increases NGEx's optionality for future exploration and development at the project. Treasury strengthened with oversubscribed $175 million private placement. On October 15, 2025, the Company closed a non-brokered ...